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WINDSOR, Conn., July 17, 2013 (GLOBE NEWSWIRE) -- SS&C Technologies Holdings, Inc. (Nasdaq:SSNC), a global provider of financial services software and software-enabled services, today announced the successful migration of SS&C PORTIA's outsourcing customers to SS&C's data center in Yorktown Heights, New York.
"The move to SS&C's data center allows us to continually improve our operations by extracting additional efficiency from the services, such as faster processing of end-of-day and overnight activities," said Fred Kramer, Senior Vice President of Operations and Systems at TimesSquare Capital Management, a long-time SS&C PORTIA client.
SS&C PORTIA offers flexible outsourcing services ranging from application hosting and management, component-based and full middle-to-back office outsourcing. SS&C's Yorktown Heights facility, part of SS&C's global network of leading data centers, utilizes the latest virtualization technology including Vblock infrastructure. This technology enables real-time replication of all data and creates a flexible and scalable environment for clients to efficiently grow without impacting their operations or infrastructure.
"We are excited to offer outsourcing services to both new and existing clients using SS&C's world-class data center network, as its powerful capabilities enhance the flexibility and performance of our solutions," said Christy Bremner, Senior Vice President and General Manager of SS&C PORTIA. "We are continually leveraging SS&C's capabilities to provide our clients with the most comprehensive set of solutions in the industry."
SS&C PORTIA provides a broad set of middle-to-back office capabilities to allow investment managers to track and manage the day-to-day activity in investment portfolios to support global accounting requirements. Offered on a deployed and hosted basis, the solution supports a wide range of functions including corporate action processing, internal reporting, client reporting, regulatory reporting, performance measurement and attribution and post trade compliance.
About SS&C Technologies
SS&C is a global provider of investment and financial software-enabled services and software focused exclusively on the global financial services industry. Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices around the world. Some 5,500 financial services organizations, from the world's largest institutions to local firms, manage and account for their investments using SS&C's products and services. These clients in the aggregate manage over $26 trillion in assets.